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the proposal so far, a prominent democrats in the nancy pelosi in the house, not touching entitlements, the sentiment among some of these liberal senators who want to a get 30 signatures on this letter. don't touch pretty much any spending. >> and you are looking at the market today, continuing to sell-off. and we are entering into correction territory. some people we will scream this market is oersold. the reaction it was too fierce. the presidential election, but something to point out, if you look back at history typically after a presidential election you normally get a bump in the market because there is certainty brought to the market. republican or democrat, it's over. but this time not the case. there is just no certainty for companies or investors. you do have this mass exodus from the stock market right now from everything for that matter. leaving gold, oil, everything. neil: how long do we expect this to last? i can understand, you know, getting over the confusion and then the shock that they are still fighting in still hate each other, as if that should war and a fox alert.
nancy pelosi welcomed newly elected democrats to the house. they will be figuring out office assignments, learning house rules and ethics and how to set up congressional offices. the rookies in the house are at a dinner this evening. hosted by the speaker of the house, john boehner. shep? >> shepard: mike emanuel live on capitol hill. just in to fox news from the o really file? the chief operating officer of the long island power authority or lipa is stepping down in the wake of super storm sandy. this comes on the same day an attorney filed a lawsuit against lipa claiming negligence in the aftermath. and the attorney is seeking class action status potentially including hundreds of thousands of long island customers who, in some cases have had no power for two weeks. the feds say only about 25,000 customers in the storm zone are still in the dark only. certainly a major improvement since just yesterday when the number was three times that. but today as the new york city mayor michael bloomberg pointed out that figure does not include tens of thousands of homes and businesses that are des
. and the negotiations. nancy pelosi responded to some members of both parties calling to go ahead and go over the cliff. >> i don't think it's my role to go to the table with a threat. i think it's my role to go to the table with some ideas to be receptive to what we can come to agreement on. i'm not criticizing statements others make. but what i am saying is that there's too much at risk. and even if you went over the cliff for one month and then corrected it, you would still have a loss of gdp. >> and we've already started our discussion with our guest hosts, jeremy siegel and steve forbes. jeremy, we already had the beginning of this discussion. i'll start with you because i said you can see it sort of happening in some of the averages and you see the front page journal piece today about corporations cutting back on spending. do you not ascribe much to the notion that people are already acting with some trepidation about this and it could be harmful? >> i think the fall since the election is clearly the cliff might be close. there's hope that it had romney won, that force would mitigate or eliminate
striking this deal? what about nancy pelosi, harry reid, mitch mcconnell? in 2011 it was basically boehner and obama, this time there might be a few more lawmakers who want in on this deal. jenna: the president's going to be sitting down with leaders later on this week. let's talk about style versus substance, something we talked about a lot with the election. i was reading comments from the ceo of at&t today, also the senior economist from bank of america who say, listen, if they'd reach an agreement, great. but if between now and then and the disagreements look really big and bad, that's going to damage this economy because it just shatters any consumer confidence going into the holiday season. >> yes. jenna: so, ultimately, they could find a solution, but damage will already be done. what dueck about that, bob? what do you think about the style to all this as well? >> that's why -- and i agree with that, they're going to need a deal by mid december because it's going to shatter consumer confidence, and the stock market's going to play a big role here. we saw that in the bailout in 2008
. republicans do not want to lose their jobs. host: nancy pelosi announcing she will return as the house minority leader, one of the ones at the white house just today that you probably saw. also talking with reporters after the meeting. here she talks about her focus that she had going into the meeting. [video clip] >> the speaker spoke about a framework going into next year. i was focusing on how to send a message of confidence to consumers in the markets in the short term to. we should have a goal in terms of how much deficit reduction we should have. we should have a deadline before christmas. we should scare some milestones of success so confidence can build as we reach our solutions. if we do not reach an agreement, not only will we miss an opportunity to lift the spirits and confidence in our country, we will have an economic downturn that must be avoided. we understand our responsibility there. we understand it has to be about cuts and revenue. it has to be about growth. it has to be about the future. as we cut investments and as we talk about revenue, we have to do so in a way t
relations with russia. it will allow for an hour and a half of debate. in the meantime, nancy pelosi, who spoke to reporters today, about friday's white house meeting on schedule tax increases, such as the fiscal cliff. this is about 25 minutes. >>good afternoon. thank you for accommodating our schedule. we have growing concerns about the escalating violence in israel and in the gaza strip. the president has stated that he has spoken with prime minister netanyahu and it expressed what we all believe that israel has the right to defend itself as a nation. we are also concerned about any civilian deaths. be more of those that -- we mourn those that and we want hamas not to put people in harm's way so we can avoid the loss of civilian life. we will continue to monitor that situation. last week, we had an election. the american people spoke clearly and that is for us to reach an agreement to grow jobs, grow our economy, and reduce our deficit. now we have an opportunity. this is opportunity time for us and the american people to demonstrate to all americans that we are here to get the job don
Search Results 0 to 8 of about 9 (some duplicates have been removed)